Decision details

Budget Setting, Medium Term Plan & Capital Strategy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To consider the capital and revenue budget estimates and proposed council tax, the financial medium term plan and the capital strategy and recommend approval to Full Council

Decision:

Recommend to Full Council that:

1)     The Breckland revenue estimates and parish special expenses for 2017-18 and outline position through to 2020-21 (as set out in appendix B and E) are approved.

2)     The capital estimates and associated funding for 2017-18 and outline position through to 2020-21 (as set out in appendix H) are approved.

3)     The discretionary business rates relief for local newspapers as detailed in appendix I is approved for a two year period only.

4)     The fees and charges shown at appendix D and D2, for adoption on 1 April 2017 are approved.

5)     The Council Tax in the medium term plan be set at either:

a)     £5.00 increase per year (£78.98 for a Band D property in 2017-18) or,

b)     2% increase per year (75.45 for a Band D property in 2017-18, and increase of £1.47), or

c)     A value between 2% and £5, or a combination of a and b above

6)     The financial medium term plan at appendix A is approved

7)     The capital strategy at appendix G is approved

8)     That £100,000 is allocated in the Organisational Development Reserve to fund feasibility studies for growth and investment projects which will generate a return to the Council.  That release of funding for individual feasibility studies be delegated to the S151 Officer in conjunction with the Strategic Growth Group and Finance Board and the Leader or Deputy Leader.

Reasons for the decision:

To comply with budgetary and policy framework.

Alternative options considered:

1.    That recommendations 1 to 8 above are approved.

2.    That amendments are made before recommendations 1 to 8 above are approved.

Report author: Alison Chubbock

Publication date: 09/02/2017

Date of decision: 07/02/2017

Decided at meeting: 07/02/2017 - Cabinet

Accompanying Documents: